Rosatom demands money from Finland for unbuilt nuclear power plant

27 December 2022, 01:10 PM
Hanhikivi NPP project (Photo:raosproject.fi)

Hanhikivi NPP project (Photo:raosproject.fi)

Russian nuclear operator Rosatom will demand compensation for an unbuilt nuclear power plant in Finland, Rosatom Director General Alexey Likhachev announced on Dec. 26, according to Russian finance magazine Kommersant.

The unbuilt nuclear plant, the Hanhikivi-1, was intended to be constructed on the Finnish peninsula of Hanhikivi. Fennovoima Ltd, a company established by Rosatom and a consortium of Finnish state-owned power and industrial companies, was tapped as the key construction firm on the project in 2015. In May 2022, Fennovoima terminated its contract with Rosatom, citing significant delays and Rosatom's "inability to deliver the project.”

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Likhachev called the Finnish decision to cancel the contact a political one. The Rosatom director also said that in December the International Dispute Resolution Centre declared the contract’s termination to be illegal, which allows the Russian state company to demand compensation.

"And, relying on the decision (of the International Dispute Resolution Centre) we will develop our relations with the Finnish contractor further,” Likhachev claimed.

“Its decision was obviously politically motivated. Actually, they didn't hide it. We cannot influence the world view of Finnish bosses. But let them implement it for their money, and return ours.”

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